Alpha Windward LLC Buys 1,440 Shares of Worthington Industries, Inc. (WOR)

Alpha Windward LLC lifted its stake in shares of Worthington Industries, Inc. (NYSE:WOR) by 13.8% during the 3rd quarter, Holdings Channel reports. The firm owned 11,880 shares of the industrial products company’s stock after purchasing an additional 1,440 shares during the quarter. Alpha Windward LLC’s holdings in Worthington Industries were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Worthington Industries by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,213 shares of the industrial products company’s stock worth $84,246,000 after purchasing an additional 95,260 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Worthington Industries by 9.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,388,897 shares of the industrial products company’s stock worth $58,292,000 after purchasing an additional 116,552 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Worthington Industries by 2.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,212,125 shares of the industrial products company’s stock worth $50,873,000 after purchasing an additional 28,072 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Worthington Industries by 10.8% during the 2nd quarter. Macquarie Group Ltd. now owns 1,151,872 shares of the industrial products company’s stock worth $48,344,000 after purchasing an additional 112,524 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Worthington Industries by 0.9% during the 2nd quarter. Northern Trust Corp now owns 727,703 shares of the industrial products company’s stock worth $30,541,000 after purchasing an additional 6,412 shares during the last quarter. Institutional investors and hedge funds own 50.54% of the company’s stock.

Several research analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Worthington Industries from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, September 27th. JPMorgan Chase & Co. reduced their price target on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, September 27th. Zacks Investment Research lowered shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, ValuEngine lowered shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th.

WOR stock opened at $41.14 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 14.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.98. Worthington Industries, Inc. has a one year low of $39.52 and a one year high of $49.93.

Worthington Industries (NYSE:WOR) last released its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.10). The firm had revenue of $988.10 million for the quarter, compared to analysts’ expectations of $1.03 billion. Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. Analysts forecast that Worthington Industries, Inc. will post 3.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, December 13th. Worthington Industries’s payout ratio is presently 31.94%.

In other news, VP Terrence M. Dyer sold 14,551 shares of Worthington Industries stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $46.81, for a total transaction of $681,132.31. Following the sale, the vice president now owns 18,491 shares of the company’s stock, valued at approximately $865,563.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 33.20% of the stock is currently owned by insiders.

Worthington Industries Profile

Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.

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Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

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